Skip To Content

5125 Oakland Street

El Sereno, CA 90032
  • $1,350,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: WS22132175
UPDATED: 30 min ago
$1,350,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Listing Agent(s): Kin Cheng of Pinnacle Real Estate Group (626-888-9808)


Description

Great Opportunity Knocks! Previous owner added 4 attached units in 1988. This 5-unit multifamily property located in high demand rental area of El Sereno. It is adjacent to Alhambra, South Pasadena, Highland Park. 10-15 Minutes drive to Costco, Home Depot, USC and Cal State L.A. New energy star roof with a 30 yr warranty which was just installed in June 2022. Each units has 2 parking spaces on site. Excellent unit mix with (1) 2 bedrooms, 1 bath; (3) 2 bedrooms 1.5 baths & (1) 3 bedrooms, 2 bath. Most units' water heaters were replaced in the past 3 years. Separated gas and electrical meter for each unit. Lots of upside rent potential for new owner. Buyer to cooperate with seller's 1031 tax deferred exchange at no cost to buyer.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T23:28:31.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130831413
Print Image

5125 Oakland Street El Sereno, CA 90032

  • Price: $1,350,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 30 min ago
  • ID#: WS22132175
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1916
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
Great Opportunity Knocks! Previous owner added 4 attached units in 1988. This 5-unit multifamily property located in high demand rental area of El Sereno. It is adjacent to Alhambra, South Pasadena, Highland Park. 10-15 Minutes drive to Costco, Home Depot, USC and Cal State L.A. New energy star roof with a 30 yr warranty which was just installed in June 2022. Each units has 2 parking spaces on site. Excellent unit mix with (1) 2 bedrooms, 1 bath; (3) 2 bedrooms 1.5 baths & (1) 3 bedrooms, 2 bath. Most units' water heaters were replaced in the past 3 years. Separated gas and electrical meter for each unit. Lots of upside rent potential for new owner. Buyer to cooperate with seller's 1031 tax deferred exchange at no cost to buyer.
Exterior Features

Architectural Style Custom Carport Spaces 6 Carport YN Yes Direction Faces South Fencing Chain Link Lot Features Front YardRectangular Lot Number Of Separate Electric Meters 6 Open Parking Spaces 4 Parking Features AssignedCoveredDrivewayOn SiteOne SpaceTandemUncovered Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedMaintainedPaved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating CombinationElectric Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.94 Common Interest None Community Features Suburban Current Financing Conventional Electric Electricity - On Property Electric Expense 1200 Garage YN No Gross Income 79442 Gross Scheduled Income 79442 Insurance Expense 3300 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 3600 Net Operating Income 53226 New Construction YN No New Taxes Expense 15480 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 22833 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash CollectionTelephone Trash Expense 930 Utilities Electricity AvailableNatural Gas AvailablePhone ConnectedSewer AvailableWater Available Vacancy Allowance 2383 Vacancy Allowance Rate 3 Water Sewer Expense 7070 Water Source Public Zoning Lard3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T23:28:31.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369330837-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369330837-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369330837-1.jpg
Logo
Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Kin Cheng of Pinnacle Real Estate Group (626-888-9808)